Facebook Shares Fall Under $20

It may have sounded outlandish two months ago. It doesn’t sound outlandish anymore.

Facebook shares are down more than 4% today, falling to as low as $19.91, and currently dancing around the $20 mark. A stock that briefly traded as high as $45 on its first day is less than half that now.

The company filed its first 10-Q as a public company (which you can find here), which added some granular details to last week’s earnings report, but it won’t resolve the main issues dogging this stock, like the company’s mobile strategy, for example.

So if you believe in Facebook long-term, now’s your chance to score a deal. Just know you’re going to have to be patient.

Topeka Capital analyst Victor Anthony has a buy rating on Facebook, but thinks it will take until the end of 2013 for the company to get back to the range of its $38 IPO price.

“There’s huge negative sentiment [on the stock] and there hasn’t been a counter to that,” he said.